A new guide booklet for market value of vehicles was launched today. The CarPrices Guidebook or “Green Book” contains independently researched market value of used cars sold in Malaysia.
The ISM-ABI service is the No.1 source of vehicle valuations, specification and automotive intelligence in Malaysia. The service is result of a partnership between ISM Insurance Services Malaysia Berhad, a leading financial services shared services provider and EurotaxGlass’s, the world’s leading provider of automotive business intelligence.
Speaking at the launch, ISM Chief Executive Officer Carl Rajendram said “The Carprices Booklet would be a useful reference for car dealers, insurers, adjusters as well as consumers. The comprehensive list of more than 8,000 unique makes and models is an easy reference guide for the man on the street and will complement our more specific valuation service which is available online”.
The booklet retains a ten year model history, and shows used prices which have been extensively researched. The prices published do not refer to any specific vehicle. They are a guide to the probable value of a vehicle that has travelled kilometers said to be average for its age, and in “Guide Condition”.
Rajendram added that “In the Malaysian market, the services of a reliable and trusted used car dealer is still the best source for determining the current market value of a particular car. The Carprices booklet will assist consumers to benchmark the price for their particular car verses our extensively researched average market value to assist in determining if they are getting a fair deal”.
The CarPrices booklet is available from ISM for RM20.00 however the initial printing of the January booklet of 3,000 copies would be distributed free to consumers.
“Our objective is to create more a more transparent process in the buying, selling and insuring of motor vehicles by putting relevant information in the hand of consumers” added Rajendrem.